ValuEngine Downgrades Roadrunner Transportation Systems (RRTS) to Sell

Roadrunner Transportation Systems (NYSE:RRTS) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.

Shares of Roadrunner Transportation Systems stock opened at $0.51 on Friday. Roadrunner Transportation Systems has a one year low of $0.41 and a one year high of $9.46. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 3.80.

Roadrunner Transportation Systems (NYSE:RRTS) last announced its quarterly earnings data on Wednesday, August 8th. The transportation company reported ($0.99) EPS for the quarter. Roadrunner Transportation Systems had a negative return on equity of 117.44% and a negative net margin of 4.48%. The company had revenue of $558.03 million for the quarter.



A number of hedge funds have recently bought and sold shares of RRTS. Schwab Charles Investment Management Inc. lifted its stake in Roadrunner Transportation Systems by 25.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 610,531 shares of the transportation company’s stock worth $1,551,000 after purchasing an additional 123,930 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Roadrunner Transportation Systems by 6.5% during the first quarter. JPMorgan Chase & Co. now owns 443,149 shares of the transportation company’s stock worth $1,126,000 after purchasing an additional 26,966 shares during the last quarter. Jane Street Group LLC purchased a new stake in Roadrunner Transportation Systems during the first quarter worth approximately $151,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Roadrunner Transportation Systems during the second quarter worth approximately $102,000. Finally, Amica Mutual Insurance Co. purchased a new stake in Roadrunner Transportation Systems during the second quarter worth approximately $1,127,000. Hedge funds and other institutional investors own 58.73% of the company’s stock.

Roadrunner Transportation Systems Company Profile

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. The company operates through three segments: Truckload Logistics (TL), Less-than-Truckload (LTL), and Ascent Global Logistics. The TL segment arranges pickup and delivery of truckload, intermodal, and ground and air expedited freight through its 41 TL service centers, 40 company brokers, and approximately 90 independent brokerage agents in the United States, Mexico, and Canada.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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